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Economy

Parliament rejected proposal for abolition of the derogation for Russian oil imports

Bulgaria’s Parliament on November 16 rejected a proposal by GERB, supported by the Movement for Rights and Freedoms (MRF), to abolish the derogation for importing Russian oil in the country within three day after the amendments to the  Law on Control over the Implementation of...
Parliament rejected proposal for abolition of the derogation for Russian oil imports
NSI announced the inflation rate in Bulgaria for October
NSI announced the inflation rate in Bulgaria for October
In October 2023, the monthly inflation rate, measured by the Consumer Price Index (CPI) was 0.4% compared to the previous month, and the annual inflation rate in October 2023 compared to...
The derogation for import of Russian crude oil has no impact on fuel prices, experts say
The derogation for import of Russian crude oil has no impact on fuel prices, experts say
The derogation that Bulgaria enjoys for importing and processing Russian oil does not affect the prices at petrol stations. They are set on the market principle, experts explain.  ...
Average wage in Bulgaria in September rises to over BGN 2,000 per month, national statistics
Average wage in Bulgaria in September rises to over BGN 2,000 per month, national statistics
For the first time, the average gross wage in Bulgaria is higher than BGN 2,000, National Statistical Institute (NSI) data show. For September 2023, the average gross monthly wage for full time...
PM: Government increased taxes for Lukoil to reduce Burgas refinery's excess profits
Prime Minister Acad. Nikolai Denkov commented on a report published on November 9 that the derogation does not lower fuel prices in the country,...
Bulgaria's Euro Changeover Plan has been updated to the new date - 1 January 2025
The government on November 8 adopted an update of the National Plan for the introduction of the euro in the Republic of Bulgaria. Part of the...
Finance Minister: Bulgaria's entry into Schengen and the euro area are major goals for the government
The Bulgarian government has set the country's accession to the Schengen area and the entry into the euro area and the Organisation for Economic...
President Radev held talks with representatives of leading American companies
President Rumen Radev on November 1 met with representatives of 15 leading American companies. US Ambassador Kenneth Merten also participated in...
Price of natural gas in November will rise to BGN 82.12 per MWh
Price of natural gas in November will rise to BGN 82.12 per MWh
The Energy and Water Regulatory Commission approved the natural gas price for November at BGN...
Government set the poverty line for 2024 to become BGN 526
Government set the poverty line for 2024 to become BGN 526
The Council of Ministers set the poverty line for 2024 at BGN 526, Labour and Social Policy...
Workers from “Lukoil Neftohim” blocked traffic on the road to Sofia
Workers from “Lukoil Neftohim” blocked traffic on the road to Sofia
Workers from Lukoil Neftohim on October 27 blocked the road at the exit of Bourgas in the...
"Lukoil": We fulfill our obligations to the Treasury, we do not participate in corruption schemes
"Lukoil": We fulfill our obligations to the Treasury, we do not participate in corruption schemes
Lukoil Neftochim on October 25 reacted with a position to the ongoing political tensions around...
Construction of Unit 7 of Kozloduy Nuclear Power Plant begins, Cabinet plans construction of Unit 8
Construction of Unit 7 of Kozloduy Nuclear Power Plant begins, Cabinet plans construction of Unit 8
The construction of the seventh unit of Kozloduy Nuclear Power Plant (NPP) starts, the eighth...
Public supplier "Bulgargaz" selects LNG supplier for January and February
Public supplier "Bulgargaz" selects LNG supplier for January and February
TotalEnergies Gas and Power Ltd. is the participant ranked first in the tender announced by...
National Statistics: State debt for 2022 is over BGN 37.85 billion, deficit is 2.9% of GDP
National Statistics: State debt for 2022 is over BGN 37.85 billion, deficit is 2.9% of GDP
According to final data from the National Statistical Institute published on October 23, the...
Derogation for the import of Russian oil for processing at Lukoil Neftohim Bourgas remains in place
Derogation for the import of Russian oil for processing at Lukoil Neftohim Bourgas remains in place
The derogation for Lukoil Neftohim Bourgas's work with Russian oil remains in place for now, but...
Used car prices in Bulgaria are increasing
Used car prices in Bulgaria are increasing
New increase in prices of used cars in Bulgaria. Due to the increasing difficulty of importing...
EC has sent questions to Bulgargaz about the deal with the Turkish gas company Botas
EC has sent questions to Bulgargaz about the deal with the Turkish gas company Botas
The European Commission has sent questions to Bulgaria’s public supplier of natural...
Westinghouse Electric signs MoU with five Bulgarian companies to build AP1000 at Kozloduy NPP
Westinghouse Electric signs MoU with five Bulgarian companies to build AP1000 at Kozloduy NPP
Westinghouse Electric has signed Memorandums of Understanding with key Bulgarian suppliers to...
Cost of living for a family of three in Bulgaria is BGN 2,600 per month
Cost of living for a family of three in Bulgaria is BGN 2,600 per month
The monthly income needed to support a family of three has increased by BGN 136 since the...
"Lukoil": We are not looking for a buyer for the refinery in Bourgas
"Lukoil": We are not looking for a buyer for the refinery in Bourgas
"Lukoil” is not looking for a buyer for the refinery in Bourgas, the company-owner of the...
Additional 27.5 million BGN allocated to support small and medium-sized farmers
Additional 27.5 million BGN allocated to support small and medium-sized farmers
By a decision of the Council of Ministers on 18 October, 27.5 million BGN will be allocated to...
Bulgaria sees new car registrations record
Bulgaria sees new car registrations record
Bulgaria set a record for the largest number of registered new cars in Europe. The European...
Bulgaria introduced a fee for transit of Russian gas through its territory
Bulgaria introduced a fee for transit of Russian gas through its territory
On October 16, Hungary and Serbia reacted sharply to Bulgaria's decision to raise the transit...
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